VA loans typically require veterans occupy their new home within 60 days of closing. However, VA is flexible and permits longer than 60 days in some cases.
VA Allows Occupancy After 60 Days From Closing
VA’s home loan rules have flex regarding how fast veterans must move into a new primary residence. In fact, Veteran’s deployed away from home on active duty have 3 occupancy variances to choose from.
Unlike VA – FHA, Conventional, JUMBO and USDA home loans require buyer’s occupy a primary residence within 60 days of closing. However, VA mortgage rules extend 3 different options to veteran’s relative to occupancy.
Veterans Do Not Have To Move Right In
VA home loans offer veterans 3 choices regarding how fast they must occupy a home. They are:
- 60 Days: Veteran occupies home within 60 days of VA home loan closing
- 12 Months: Veteran occupies home within 12 months of VA loan closing with written proof of reason
- Spouse 60 Days: Veteran’s spouse occupies home within 60 days of VA loan closing (spouse must be on the loan)
These 3 options VA loan occupancy allowances give veterans and their families flexibility.